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...Christian Sewing said EU-based banks were suffering from an “unlevel playing field” in terms of attracting talent, after the UK scrapped the cap last month....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...Noel Quinn, chief executive of HSBC, said in a statement that the sale “enables us to focus our resources on higher value opportunities across our international network”....
...The Bank of England’s financial stability committee met today, and the subsequent report indicates that it remains antsy about the engorged size of Treasury basis trades....
...Noel Quinn, chief executive of the UK-based bank, said in a statement on Tuesday that the sale “enables us to focus our resources on higher value opportunities across our international network”....
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...has a great deal of art, and America has a great deal of money.”...
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...rescue of Silicon Valley Bank UK in March....
...Ermotti’s total pay also dwarfs the awards of chief executives at other major European banks, including Christian Sewing of Deutsche Bank, who was paid €8.9mn last year, and Andrea Orcel of UniCredit, whose...
...The payouts to shareholders reflected “four years of hard work and the strength of our balance sheet in a higher interest rate environment”, said the bank’s chief executive Noel Quinn....
...Third-quarter profits at Bank of America beat expectations, but growth lagged rivals because the bank still has hundreds of billions of dollars of low yielding bonds that it bought during the pandemic....
...US and European banks have trimmed bankers in Asia because of China’s slowing growth. Meanwhile, the woes of the local property sector pose a threat to earnings....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...JPMorgan, Bank of America, Citigroup and Wells Fargo all reported quarterly earnings on Friday. JPMorgan was alone among the group in posting record net profits for the year of $49.6bn....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...Only 17 per cent of the fund managers polled by Bank of America expect a so-called hard landing — which typically implies a recession — for global growth, the smallest proportion in 19 months....
...Give a Noël Coward character a cigarette holder, a cocktail glass and a string of piercing bon mots and they can part your soul from your body without stirring from the chaise longue.So it is with Amanda...
...of a bank failing....
...What’s the name of the central beam in a boat’s hull? Bank, pocket and eight-ball are all variations of which game? Click here for the answers...
...Bank of America has shoved back its call for the first Fed cut from June all the way out to December — a huge jump for a tweak that typically moves in increments of one or two months at a time and that opens...
...In February, Denmark and Sweden demanded that the Commission take action against the UK after it closed part of the Dogger Bank in the North Sea to protect seabirds....
...Based on the price of these options, strategists at Bank of America say markets are now pricing in a more than 10 per cent chance of such a scenario within the next six months....
...Income Growth Over Five Generations of Americans (FEDS) — The Dream of the 90’s, Part V: How to Return to Productivity Growth Today (Employ America) — All-Time Highs in the Stock Market are Usually Followed...
...Shot at the historical headquarters of Lombard Odier Bank in Geneva, Switzerland. Special thanks to Cristina Benito...
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